Singapore's 21-story building on Orchard Road gets new name after 30 years
Wheelock Place, a fixture in Singapore’s premier Orchard Road shopping belt, has been renamed to LANDMARK Orchard after three decades under its former name.
Singapore's iconic 21-story building on Orchard Road, Wheelock Place, has undergone a significant change in its identity, marking the first time the prestigious Landmark name is used outside of Hong Kong. Once known as Lane Crawford Place since its inception in 1994, the property underwent a transformation in 1996 when it was renamed after its then-owner, Wheelock Properties, which is now Wharf Estates Singapore.
The landmark structure, located at the intersection of Orchard Road, Scotts Road, and Paterson Road, comprises a retail podium and a 21-story office tower, offering direct connectivity to Orchard MRT station. Positioned among the world's most expensive retail destinations, Orchard Road earned this title according to the Main Streets Across the World report by property consultancy Cushman & Wakefield.
Hongkong Land, a real estate giant, acquired the property through its Singapore Central Private Real Estate Fund in a transaction valued at approximately S$1.1 billion (US$855 million), as reported by Forbes in late July. This marked the fund's inaugural acquisition since its inception in February. In a press release on Thursday, Hongkong Land's CEO, Foo Pei Teng, emphasized their commitment to providing exceptional experiences for tenants, visitors, and the broader community.
The company aims to leverage its expertise in investing in and managing premium commercial properties across Asia to enhance the property.
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